[safeandsimple]

With 2 trades open, my equity is up 30% from December 31. My balance is actually up 45%, but I don't believe in ignoring open trades. A lot of the signal services talk about how many pips they make a month, but they don't count all of the open trades that are eating up your margins, and can eat up your whole account.

I don't ever have more than 4 open trades. It would actually be only 3, except there's one from November I don't want to close because it will mess up the numbers I'm tracking from a new strategy I've been using.

The strategy allows for 1 or 2 really big losses a month in order to achieve a steady accumulation of pips that still results in a very healthy profit. Best of all, it's completely free. Anyone can try it in a demo account at no risk whatsoever and there's no charge, no scam.

A sign of its respectability is the advice it offers about trading volume. The rule of thumb for professional traders is the equivalent of 1 Standard Lot for every $50,000 in your account, which breaks down to 1 Mini Lot for every $5,000. With a broker like IBFX.com, that allows you to use a volume up to 2 decimal points, you could actually start an accout with $50 and trade .01. Then watch it grow, pennies at a time.

It really takes off after you hit $500, because then you can increase your trade volume more often. Starting with .10, then going to .11, .12, etc. every time you make another $50.

This strategy is not about get rich quick, it's about making a better profit than you can find anywhere else at a lower risk so that you can hang on to your money. I really love it, especially since you can do it in just minutes a day whenever you've got the time, instead of sitting in front of a computer or mobile phone screen all day and night.

Check it out, it doesn't cost anything except a little bit of time. It's called Forex Safe and Simple, at forexsafeandsimple.com. I'm so devoted to it, because that is exactly what I was looking for, safe and simple.

[FXman]

I will be checking this out

[FXman]

Set Stop Loss at 400 pips.

That's really a big stop, can you honestly say you see a profit with such a high stop loss?

[FXman]

sorry, i should have read further

"4. A Stop Loss of 400 pips may seem extreme, but it is much more uncommon for a trade to reach that point before coming into profit. Because of the volatility of the pair, anything less will result in too many trades being closed prematurely at a loss."

[Mike]

Good to see someone devoted to making a good system rather than a quick buck

[SkillTrader]

This system can make profit every month.. but SL in 400pips it's crazy))
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If you profit orders its 60percent thats mean, that you shoul have in every your profir order 200pips!